The Hindu : Business : Sensex touches 9300-mark

Online edition of India's National Newspaper
Thursday, Dec 15, 2005

Business

Business

Sensex touches 9300-mark

MUMBAI: After touching a new milestone at 9309.01, the Sensex on Wednesday adjusted to a downward correction as it succumbed to profit selling and ended in the negative terrain for the first time in six sessions, registering a modest loss of 22 points at 9241.76.

Despite the CMIE's revised target of 7.6 per cent gross domestic product growth for this fiscal amid increased participation by foreign institutional investors, local funds availed themselves of the opportunity to take profit at the current lucrative levels.

The Bombay Stock Exchange benchmark 30-share index (Sensex) hit an all-time intra-day high of 9309.01 during early trade but failed to maintain higher levels due to heavy profit taking by investors. It later dropped below the 9200 level before ending at 9241.76 against 9263.90, a net fall of 22.14 points. The Sensex had risen by 448.37 points or 5.09 per cent in the last five trading sessions from 8815.53 on December 6.

The broad-based BSE-100 index edged up by 2.32 points to 4885.29. The BSE-200 and the Dollex-200 were quoted at 1169.69 and 422.80 against 1169.60 and 422.77 respectively. — PTI

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